2022 Approach to Climate Change Investor Reference Pack
ANZ 2022 Approach to Climate Change Investor Reference Pack
BACKING CUSTOMER DECARBONISATION
Illustrative examples of customer pathways that align with our portfolio targets
Paris-aligned
targets set their
path
CEMENT
"Cement Company Corp!"
In 2021: Disclosed science-based GHG emissions intensity reduction
targets
• Current emissions intensity 0.68 tCO2-e/t cement
By 2030: Reduce emissions intensity by 20%
• Target of 0.54 tCO2-e/t cement
From 2030 to 2040: Upscaling and commercialisation of Carbon
Capture utilization and storage (CCUS) projects
By 2050: Achieve net zero emissions
STEEL
"Steel Company Corp."
In 2021: Disclosed science-based GHG emissions intensity reduction
targets
•
•
Current emissions intensity 3.0 tCO2-e/t steel
•
Target of 2.0 tCO2-e/t steel
Plant retrofit and upgrade to take on alternative fuels
Increased supplementary cementitious product
Company increasingly invests in:
Examples of
Paris-aligned
investments
Research and development into carbon capture and storage
technology
By 2030: Reduce emissions intensity by 33%
Increased steel recycling and use of renewable energy
From 2030 to 2040:
Upscaling and commercialisation of CCUS and green steel
production
By 2050: Achieve net zero emissions
Company increasingly invests in:
•
Switching to renewable energy in conjunction with global trend
• Efficiency upgrades and retrofits
•
towards grid decarbonisation
•
Steel recycling
Research and development into CCUS technology and direct
reduction of iron-ore without the use of fossil fuels
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